Updated statement on Ms. Ruth Metzler-Arnold’s resignation

News 11 November 2017

Following the announcement of the resignation of Mrs. Ruth Metzler-Arnold from the Advisory Board of Quantum Global Group, we would like to extend our sincere gratitude and appreciation for her contribution towards the Group’s activities over the past 4 years and providing her valuable expert advice that has shaped the strategic direction of the company, specifically in terms of governance and transparency.

While we respect Mrs. Ruth Metzler-Arnold’s decision, we would like to state that we don’t agree with the reasons cited in her resignation. We would like to reiterate that the Quantum Global Group takes its transparency obligations extremely seriously and has put in place rigorous procedures and practices within all areas of its business.

The Group companies abide by the laws of the jurisdictions they operate in. Quantum Global Group’s private equity business is executed by QG Investments Africa Management Ltd and this entity along with its Limited Partnerships is regulated by the Financial Services Commission of Mauritius (“FSC”).

Internally, the Group’s employees follow strict anti-money laundering rules and are guided by various internal policies regarding code of conduct, conflict of interest, whistleblowing, and code of ethics. In addition, we also implemented the UK Anti-Bribery Act which prohibits bribery of public officials and business-to-business bribery.

We will remain committed to working in collaboration with our Advisory Board to shape the strategic direction of the Group and become the partner of choice for African investors seeking global opportunities and for international investors seeking partnerships inside Africa.